Filed under: Big Givers
The lunch is up for bid on eBay until June 11, 2010 at 7:30 pm PDT. As usual Buffett will dine with the winning bidder and up to seven friends at Smith & Wollensky in New York. All bidders must pre-qualify and the opening bid is $25,000. Last year the auction brought in $1.68 million and Buffett has made as much as $2.1 million for Glide with this annual offer. The Wall Street Journal reports that past auctions have raised about $6 million in total for the foundation. On June 11 the last hour of bidding will be broadcast on a screen for the crowd at a fundraising dinner for the organization.
Filed under: Charity
The proceeds go to a non-profit foundation which fights poverty and homelessness.. So far Buffett has raised over $4 million but selling himself each year but his biggest charitable move has been his declaration that he will give the bulk of his fortune to the charitable foundation set up by Bill and Melinda Gates.